KKR & Co LP Stock Forecast
KKR & Co LP stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Apr 29, 2024)
The KKR & Co LP stock price fell by -0.272% on the last day (Monday, 29th Apr 2024) from $95.54 to $95.28. During the last trading day the stock fluctuated 1.93% from a day low at $94.29 to a day high of $96.11. The price has fallen in 6 of the last 10 days and is down by -0.58% for this period. Volume has increased on the last day by 678 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $249.28 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.24% during the next 3 months and, with a 90% probability hold a price between $98.00 and $108.28 at the end of this 3-month period.
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KKR Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.87%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KKR & Co LP stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $95.36 and $97.88. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for KKR & Co LP stock
KKR & Co LP finds support from accumulated volume at $94.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.82 between high and low, or 1.93%. For the last week, the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: $91.05 (-4.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (KKR) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect KKR & Co LP to open at $95.23, and during the day (based on 14 day Average True Range), to move between $92.53 and $98.03, which gives a possible trading interval of +/-$2.75 (+/-2.88%) up or down from last closing price. If KKR & Co LP takes out the full calculated possible swing range there will be an estimated 5.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $94.87 (0.43%) than the resistance at $95.95 (0.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
KKR & Co LP will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.95. We will update the financials statements for KKR & Co LP, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.33% in the first trading day after earnings release.
Is KKR & Co LP stock A Buy?
KKR & Co LP holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.111 Hold/Accumulate Upgraded
Predicted Opening Price for KKR & Co LP of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $95.23 ( 0.0560%) | $95.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KKR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 97.05 | 1.85 % | |
| R2 | 96.35 | 1.12 % | ||
| R1 | 95.92 | 0.674 % | ||
| Current price: | 95.28 | |||
| Support | S1 | 94.53 | -0.786 % | |
| S2 | 94.10 | -1.24 % | ||
| S3 | 93.41 | -1.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 98.62 | 3.51 % | |
| R2 | 96.55 | 1.33 % | ||
| R1 | 95.95 | 0.703 % | ||
| Current price | 95.28 | |||
| Support | S1 | 94.87 | -0.430% | |
| S2 | 94.73 | -0.577% | ||
| S3 | 93.58 | -1.78% |
KKR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Feb 15, 2024 | Mar 01, 2024 | $0.165 | 0.167% |
| 2 | Nov 07, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.165 | 0.220% |
| 3 | Aug 07, 2023 | Aug 16, 2023 | Aug 31, 2023 | $0.165 | 0.263% |
| 4 | May 08, 2023 | May 19, 2023 | Jun 06, 2023 | $0.165 | 0.303% |
| 5 | Feb 07, 2023 | Feb 16, 2023 | Mar 07, 2023 | $0.155 | 0.278% |
FAQ
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